Ethereum: Buy the Dip?
Ever since hitting an intrayear high near $2,140 in mid-April, Ethereum (CRYPTO: ETH) has tumbled about 13%. Ethereum now trades for around $1,861, and some analysts even think it could retreat even further by the end of this year.
So is this a great opportunity to buy Ethereum at a discounted price, or is your money better spent elsewhere? If you are thinking about buying the dip, there are two key factors to consider.
The first is the potential impact recent blockchain upgrades might have on Ethereum's future price. If new blockchain upgrades are primarily incremental in nature, then there's no point getting excited about them, and they might not result in significant price gains. However, if new blockchain upgrades address key problems or fundamental issues, then they could be instrumental in propelling future gains.
Source Fool.com
